INTERNATIONAL BUSINESS REPORTING
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the business report
Luxembourg
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Economy
The nation with a reach much greater than its borders
When banking secrecy came to an end in Luxembourg on January 1, 2015, critics sneered. The EU nation, a prominent financial capital on…
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Fund industry tops €4 trillion on UCITS success
When the Luxembourg fund industry reached a record €4 trillion in assets last September, it marked another celebratory moment in the short lifespan…
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A green revolution in finance is born
Luxembourg has taken up the global vanguard in melding climate concerns with financial technology, conducting pioneering firsts, including the launch of the…
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“Our economy will be 25% larger than in 2013”
Pierre Gramegna
Minister of Finance of the Grand Duchy of Luxembourg
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“CEOs here are more confident than the global average”
John Parkhouse
CEO and Senior Partner of PwC Luxembourg
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“We’re open to new phenomena: Our regulator was the first to…
NICOLAS MACKEL
CEO of Luxembourg for Finance
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Brexit unleashes new wave of US corporate migration
The dramatic decision of the UK to pull out of the EU came as a mixed blessing for Luxembourg, which stands to…
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Research institution plots course to help mine moon
Luxembourg’s economy is aiming high – for the moon, to be precise. Late last November, the Luxembourg National Research Fund made its…
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“Over the past 15 years public R&D spending has increased 12…
Marc Schiltz
Executive Head and Secretary General of the Luxembourg National Research Fund
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“Northern Trust has chosen Luxembourg following Brexit”
Steve David
Luxembourg Country Head of Northern Trust
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“You win if you adapt to regulations fast and thoroughly”
RENÉ MOTTAS
Country Head of UBS Luxembourg
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Handcrafted eyepieces make global mark
Like Switzerland’s iconic Swiss watch, Luxembourg may soon create a synonymous claim in its own luxury accessory: eyepieces. Gold & Wood, an…
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Multi-billion euro plan paves way for logistics and mobility future
Luxembourg is embarking upon a €3.8 billion decade-long infrastructure-spending spree to upgrade its railway system and establish modernized transportation terminals that will…
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“We represent roughly 25% of the fund industry”
David Suetens
Executive Vice President and Country Head of State Street Bank Luxembourg
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“The Luxembourg Green Exchange lists 50% of the world’s green bonds”
ROBERT SCHARFE
CEO of Luxembourg Stock Exchange
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“Our research has earned us interest from NASA”
Fernand Reinig
CEO of Luxembourg Institute of Science & Technology
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Housing gap of up to 6,000 homes: Top construction firm
Housing prices continued to climb in 2017, rising 7.7% to an average price of €6,000 per square meter for an apartment, comparable…
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New fleet of greener aircraft keeps Cargolux operations at sustainable heights
Cargolux, Europe’s largest cargo airline, with a worldwide network of over 90 destinations, has combined efficiency with sustainability by adding a new…
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“The Port of Mertert is connecting with the transport hub at…
Jeannot Poeker
President Port of Mertert
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“Brexit has clearly been positive for Luxembourg”
Henri Wagner
Managing Partner of Allen & Overy
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“There is a lack of up to 6,000 homes in Luxembourg”
Marc Giorgetti
Managing Director of Félix Giorgetti
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Entrepreneurs aim to take over live-streaming niche
Born as a garage project in Hungary in 2001, today Docler Holding, which runs a Luxembourg-based live-streaming platform, has become proof of…
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The crossroads of medical research
While Germany and France have established definitive edges in biomedical research, Luxembourg is carving out its own niche in medical translational research, whereby…
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“Luxembourg could be the pilot of new positive impact from climate…
Véronique de la Bachelerie
CEO of Société Générale Bank & Trust Luxembourg
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“Luxembourg should benefit from the economic recovery in the euro area”
Gaston Reinesch
Governor of the Central Bank of Luxembourg
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“Because of its size, Luxembourg was always able to adapt quickly”
Guy Hoffmann
CEO of Raiffeisen Bank Luxembourg
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“Many Hollywood stars, politicians and business leaders wear our glasses”
Maurice Leonard
Founder & CEO of Gold & Wood
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“Luxembourg will become a showcase for how research will become more…
Ulf Nehrbass
CEO of Luxembourg Institute of Health
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“42% of Luxembourg students are enrolled in Master’s or PhD programs”
MARC HANSEN
Delegated Minister to Higher Education and Research
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“We invested in a new fleet of 747-8F aircraft, which are…
Mr. Richard Forson
President & CEO Cargolux Airlines International S.A.
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“The US is our most important economic partner outside of Europe”
JEAN ASSELBORN
Foreign Minister of Luxembourg
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“We are investing €3.8 billion to extend and modernize our rail…
Francois Bausch
Minister of Infrastructure and Sustainable Development
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“All the big US multinationals in one way or another operate…
Paul Mousel
Founding Partner at Arendt & Medernach
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“A European live-streaming platform is something that we could conquer”
Karoly Papp (L) & Marton Fulop
CEO & COO of Docler Holding
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